Leasing A Lucid Air EV Is As Expensive As Selling Your Soul

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Even with the tax credit and zero gas bill, the Air sedan is a pricey proposition.

Earlier this month, we reported on Lucid's unique online car financing service for models like the Lucid Air and upcoming Gravity SUV. Lucid partnered with Bank of America with the hopes of making financing easier for its customers. It enables all aspects of the buying process to be completed totally online, including financing applications and the signing of the financing contract.

Now, thanks to some forum posts, we know how much it'll cost you to finance a Lucid Air. Or at least, how much it'll cost you to finance the Grand Touring trim. Still, if you're mathematically inclined (we aren't), you can sort out the rest of the models through some pretty basic equations. This is how it breaks down.

2021-2022 Lucid Air Driving Front Angle Lucid
2021-2022 Lucid Air View Out Back Lucid
2021-2022 Lucid Air Central Console Lucid

Lucid will apply the $7,500 federal EV tax credit to your lease for you, and here we can see the MSRP of the Air Grand Touring ($140,500). From there, you can use the sliders you see on the screenshots provided to customize your lease.

This forum user has adjusted some of the mileage parameters in the shot below, for example. With 15,000 miles annually, a 48-month lease, and a $10K down payment, this owner is paying $13,071 at signing. From there, it's $2,076 per month to own this new electric luxury EV.

There is a slight caveat that needs to be addressed. Like Rivian, Lucid has raised its prices recently. These figures reflect older pricing for Air models. Additionally, these calculators are currently only available to those who have ordered an Air for a short period of time when their car's delivery is imminent, so customers can decide how they're going to settle their admittedly large tabs with the luxury automaker.

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Whether it is, in actuality, a good idea to lease one of these EVs is more of a personal question. In this specific example, it would cost about $30,000 more to own the Air Grand Touring after four years relative to the entire amount spent on leasing over that period. There are about a million arguments for and against leasing, some of which pertain specifically to you as an individual and your own personal tax circumstances.

At the very least, this is good information to have, and a clever way to handle the prickly aspect of paying for the car you ordered some months ago. For now, we'll stick to buying lotto tickets and hoping we can buy one outright.

2021-2022 Lucid Air Top View Lucid
2021-2022 Lucid Air Front View Driving Lucid
2021-2022 Lucid Air Forward View Lucid
2021-2022 Lucid Air Trunk Space Lucid

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2021-2022 Lucid Air Front View
2021-2022 Lucid Air Maximum Trunk Space

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